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October 23, 2020

Election 2020
Campaign Foreign Policy Roundup: Biden and Trump Debate Foreign Policy, Kinda

Each Friday, I look at what the presidential contenders are saying about foreign policy. This week: foreign policy was a topic at the second and final presidential debate of the 2020 campaign. 

Joe Biden and Donald Trump gesture at each other from behind their podiums while Kristen Welker is seated between them on the debate stage.

October 20, 2020

Trade
China’s Surplus is Rising Rapidly. So is the U.S. Deficit. The IMF Cannot Turn a Blind Eye.

Do not use the IMF’s current account forecast in the Fall 2020 World Economic Outlook (WEO). It is already out of date.     

China’s Surplus is Rising Rapidly. So is the U.S. Deficit. The IMF Cannot Turn a Blind Eye.

October 16, 2020

Election 2020
Campaign Foreign Policy Roundup: What to Do About Afghanistan?

Each Friday, I look at what the presidential contenders are saying about foreign policy. This week: how Donald Trump and Joe Biden say the United States should deal with Afghanistan

Soldiers

October 13, 2020

United States
Happy 245th Birthday to the U.S. Navy!

The U.S. Navy turns 245 years-old today. On October 13, 1775, the Continental Congress commissioned two ships, each with eighty sailors, “for intercepting such transports as may be laden with warlike…

Navy

October 9, 2020

Election 2020
Campaign Foreign Policy Roundup: VP Candidates Discuss Foreign Policy

Each Friday, I look at what the presidential contenders are saying about foreign policy. This week: Kamala Harris and Mike Pence discussed U.S. policy toward China and U.S. global leadership at Wedne…

Senator Kamala Harris and Vice President Mike Pence sit across from each other separated by plexiglass on the stage of the vice-presidential debate.

October 7, 2020

Emerging Economies
Reframing the Collective Action Problem in Sovereign Bond Restructuring

A recent white paper from Lazard points out that emerging market sovereign bond holdings are often fairly concentrated among a handful of big players.  The main impediment to collective action may be…

Reframing the Collective Action Problem in Sovereign Bond Restructuring

October 7, 2020

Robots and Artificial Intelligence
With "Burn-In," Cole and Singer Show Us the Robotic Future We Need to Avoid

Burn-In: A Novel of the Real Robotic Revolution gives us the worst-case scenario of how increased automation can affect the U.S. economy and society.

French robot Pepper, detecting whether people are wearing face masks and if not, instructs them to wear them.

October 7, 2020

Economics
Tracking Currency Manipulation

Currency manipulation is one way countries can shift patterns of trade in their favor. By buying foreign currency in the market, a country can artificially change the price of its imports and its exp…

October 5, 2020

China
Record Chinese Bilateral Surpluses With the United States Are Not Mirrored in the U.S. Trade Data

Is China’s surplus with the United States back at a record level? It depends. In China’s data, China’s exports to the United States and its surplus with the United States are at all-time highs. The U…

Record Chinese Bilateral Surpluses With the United States Are Not Mirrored in the U.S. Trade Data

October 5, 2020

Cybersecurity
The Clean Network Program: Digital Age Echoes of the “Long Telegram”?

The U.S. State Department's Clean Network program, created in response to China's expanding capabilities in cyberspace, recalls the the warning George Kennan gave about the Soviet Union in his famous…

U.S. Secretary of State Mike Pompeo speaks during a news conference at the State Department.